$10,939

Tuition

$27,080

Cost of Attendance

$19,232

Net Price

Moody Bible Institute Tuition and Fees

Moody Bible Institute offers undergraduate and postgraduate programs across different fields, providing quality education to students. The expense of education here is very moderate, compared to the tuition fees charged by different colleges. The average annual cost for students opting to pursue undergraduate programs at the college is estimated to be around $13,290, based on 2020 - 2021 official information. This amount includes the total tuition fees as well as other expenses. While housing costs $10,674, the charges for books and supplies and other expenses stand at $932 and $4,417, respectively.

Total Cost of Attendance

Student typeIn-stateOut-State
Tuition & Fees$13,056$13,056
Book & Supplies$932$932
Room & Board cost$10,360$10,360
Other Expenses$2,732$2,732
Total Cost of Attendance$27,080$27,080

Students should understand that the tuition fees charged for their degree programs is not the only expense that is involved in the cost of attending the university. There are several other expenses that are involved in the cost of attending the university, which primarily includes housing, dining, textbooks, supplies, and the cost of living. For students attending the university, the total tuition and fees for one year add up to about $13,290. Apart from that, they should also pay an average amount of $932 toward books and supplies, $11,127 for room and boarding charges, and $4,417 toward other expenses in a year. Therefore, the estimated cost of attendance for one year at MBI is around $29,766, as per the available information.

Average Net Price by Family Income

Net Price

$19,232

Family Income

Avg. Net Price

$0 to $30,000

$19,376

$30,001 to $48,000

$21,021

$48,001 to $75,000

$19,567

$75,001 to $110,000

$19,264

$110,000+

$20,110

The net price of attending Moody Bible Institute is nothing but the actual amount that the students are required to pay in a year. It depends upon the annual family income of the applicant. Usually, the individuals who have a higher family income will be required to pay a higher net amount, too. While the actual net cost is subject to one’s family income bracket, the average net price is estimated to be $16,247 at MBI. For students with a family income below $30,000, the estimated net price is $17,212, while for the individuals who fall in the $30,001-$48,000 income bracket, the net cost is $16,582. On the other hand, an estimated net cost of $16,501 is charged for the $48,001-$75,000 income bracket, $16,698 for the $75,001-$110,000 income category, and $16,215 for an annual family income more than $110,000.

Student Loans

Example Loans

$53,512

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$555

Total interest paid

$13,129

Sum of Loan Payments

$66,641

To have a realistic understanding of how much it will cost to study at Moody Bible Institute here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $53,512 for example. This will result in a $6,664 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $66,641 which is $13,129 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student typeIn-stateOut-State
Tuition & Fees$13,056$13,056
Room & Board Cost$10,360$10,360
Total Tuition & Fees$23,416$23,416

At Moody Bible Institute, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $13,290 in a year. They would also be required to pay around $11,127 for their room and boarding expenses. Accordingly, the overall cost for undergraduate students at the college totals about $29,766 per year, based on the available data.

Graduate Tuition and Fees

In-stateOut-State
Tuition$7,740$7,740
Fees$650$650

As for the students looking to enroll in postgraduate programs at MBI, the tuition and fees they are charged add up to $8,660 per year. Of this amount, $8,010 accounts for the graduate tuition and the remaining $650 for the graduation fees.

Cost Per Credit Hour

DegreeYearCost per Credit hour
Graduate2018 - 2019$430
Undergraduate2018 - 2019$340

The cost per credit hour – the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend Moody Bible Institute varies between graduate and undergraduate degrees. As per the 2019-2020 fee structure, the cost per credit hour for graduate courses is $144 and for undergraduate courses, it stands at $102. Moody Bible Institute also offers a wide range of online programs across 15 different majors for students at present.

Campus Housing Expenses

Housing & other expensesOn CampusOff Campus
Room & Board$10,360$9,020
Other Expense$2,732$2,732
Book & Supplies$932$932

Now, coming to the lodging and related expenses at MBI, the actual amount to be paid varies based on whether the candidate opts to live on-campus or off-campus. The on-campus logding facilities cost $15,176 per year, while students have to pay $15,913 a year for off-campus housing. For on-campus students at the university, the room and board charges total around $10,674 per year, while the amount charged for off-campus candidates stands at $11,580. Coming to the books and supplies charges, the students will be required to pay an amount of $932. Meanwhile, the other expenses that one needs to plan for add up to $4,502 for on-campus students and $4,333 for off-campus students.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$10,360

Off Campus

$9,020

Housing & Other Expenses

Other Expenses

On Campus

$2,732

Off Campus

$2,732

Housing & Other Expenses

Book & Supplies

On Campus

$932

Off Campus

$932

Now, coming to the lodging and related expenses at MBI, the actual amount to be paid varies based on whether the candidate opts to live on-campus or off-campus. The on-campus logding facilities cost $15,176 per year, while students have to pay $15,913 a year for off-campus housing. For on-campus students at the university, the room and board charges total around $10,674 per year, while the amount charged for off-campus candidates stands at $11,580. Coming to the books and supplies charges, the students will be required to pay an amount of $932. Meanwhile, the other expenses that one needs to plan for add up to $4,502 for on-campus students and $4,333 for off-campus students.

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree TypeTotal Average TuitionAverage Tuition Per Credit
Bachelors $39,600 $330
Associate $19,800 $330
Certificate NA $330
Certificate NA $330
Masters $15,120 $420

Moody Bible Institute offers 14 online programs across 3 Majors.

Projected Price for a 4 year degree

A four-year undergraduate course as well as living expenses at MBI are projected to cost around $150,039 as per official data. Notably, the total expenses for undergraduate students amounted to $16,247 in 2018-2019, $19,232 in 2017-2018, and $18,018 in 2016-2017.

Explore Programs by Major

Other Colleges In Illinois

Northeastern Illinois University, which is located in Chicago, IL is a public university. Northeastern Illinois University covers an area of 67 acres. Northeastern Illinois University was founded in the year 1867. The motto of the Northeastern Illinois University is Excellence. Access. Diversity.

Chicago, Illinois 4 years Public

#N/A

Chicago, Illinois 4 years Private Not-For-Profit

Located in Chicago, Illinois, Chicago State University is a public university. At Chicago State University, around 53% of the students are 25 and over. And, when it comes to gender distribution at the varsity, around 70% of the students are females and 30% are males. Finally, at CSU around 72% ar

Chicago, Illinois 4 years Public

Other Colleges In Chicago

Chicago, Illinois 4 years Private Not-For-Profit

Chicago, Illinois 4 years Private Not-For-Profit

Chicago, Illinois 2 years Private For-Profit

Other Private not-for-profit Colleges


Online Education at Everest University

Everest University offers a diverse range of courses across various disciplines. These online courses not only provide knowledge to the students but a

Tampa, Florida 4 years Private Not-For-Profit

The university is a 100% online university. The online programs are designed to be easily incorporated into the busy schedules of working adults and professionals, seeking to gain in-depth knowledge in a particular subject or to expand career opportunities and personal potential.

Irvine, California N/A years Private Not-For-Profit

#N/A

Chicago, Illinois 4 years Private Not-For-Profit